Global Oil Prices Surge Following Trump's Threats to End Truce with Iran

 Energy markets witnessed an accelerated surge Monday evening, with Brent crude surpassing the $95 per barrel mark—a 5.61% increase—immediately following President Donald Trump's announcement that the temporary ceasefire with Tehran would likely not be extended. Trump affirmed his commitment to maintaining the economic blockade until a comprehensive deal is reached, sparking fears of supply chain disruptions in 2026. This spike coincided with a public disagreement between Trump and his Energy Secretary regarding when gasoline prices for American consumers would drop.